Five years ago

What made the news on 15 March 1999

Salomon warning sets Pep alarms ringing Salomon Smith Barney warned that anyone buying a UK Pep in the run-up to the end of the tax year could expect their investment to underperform cash. It said a surge in Pep sales could produce a short-term equity bubble that would then collapse during the tax year. Flemings owns up to Isa shortfalls Regular Pep savers with Flemings were told they would not be able to roll their monthly contributions into an Isa from 6 April. Instead, their money would be kept in a non-interest bearing cash account. Flemings was one of the first investment houses to ...